Robot Software Market

Global Robot Software Market Size (2024 to 2029)

The global robot software market size is expected at USD 16.97 Billion in 2024 and is anticipated to succeed in the valuation of USD 56.73 Billion in 2029 and is predicted to register a CAGR of 27.3% during the forecast period.

Robot software is a set of programmed inputs given to a robot (machinery and operating system) to perform a specific task and achieve the desired output. Companies use robotic software to automate tasks, reduce operating costs, increase productivity, reduce operational risk, improve internal processes, and more. Robotic Software Market Industry is used by various organizations in production units to perform automated tasks such as data analysis, filtering, triangulation, positioning, pathfinding, and analysis.

MARKET DRIVERS

With the advent of the Fourth Industrial Revolution (Industry 4.0) and the growing trend of precision manufacturing, there is an increasing need for industrial robots that transform manufacturing facilities into smart, connected factories.

This is one of the main drivers of Robot software market growth. Robot Software Market Trend for packaged foods grows, manufacturers in the food and beverage (F & B) industry are using robotic technology to automate their manufacturing processes and mass-produce products with high precision and high yields. This creates a favourable outlook for the market. Separately, companies in the chemical industry are migrating to robotic software to distract employees from dangerous tasks and improve worker safety.

In addition, robotics is being used in the healthcare industry due to the growing need for surgical robotics and laboratory and pharmacy automation. Robot software market trend   for robot software is growing worldwide as e-commerce and shipping companies are also focusing on automating most of their operations due to labour shortages and intensifying competition between companies. In addition, market players around the world are developing artificial intelligence (AI) robots using robot operating systems (ROS) and frameworks, and overall sales are expected to increase.

MARKET RESTRAINTS

High initial investment costs for deploying robots are expected to be a major challenge for market growth, as SMEs (Small and Medium Enterprises) do not have such large amounts of capital to invest.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Robot Software Market Analysis By Software Type

Based on Software Type, the market is divided into detection software, simulation software, predictive maintenance software, data management and analysis software, and communication management.

Global Robot Software Market Analysis By Robot Type

Based on Robot type, industrial robots are expected to have the largest market share during the forecast period. As labour challenges and competitive pressures increase, organizations need solutions that reduce manual labour and increase operational efficiency.

Global Robot Software Market Analysis By Vertical

Based on Vertical, the market is divided into banks, financial services and insurance, retail and e-commerce, healthcare and life sciences, transportation and logistics, manufacturing and more.

REGIONAL ANALYSIS

North America is expected to lead the market in all regions. The market size is mainly due to the presence of major companies such as Nvidia Corporation, Microsoft Corporation, Brain Corp, Cloud Minds and IBM Corporation. These players focus on implementing a variety of business strategies to expand their presence globally.

Europe is predicted to upward thrust with a large CAGR for the duration of the forecast period. The increase in the marketplace is more often than not attributable to the funding carried out with the aid of using the authorities in nations such as the UK, Germany, Russia, and others, with the aid of adopting robotic software program inside the automobile and healthcare industries.

The Asia Pacific region is projected to grow at a maximum CAGR. Growth in the region is driven by increased investment from start-ups and local governments in countries such as India, Japan, China and South Korea. The investment will be made to develop technologies that power service robots in BFSI, retail, education and other industries. The market is expected to grow due to increased internet penetration and an increasing number of software vendors in Latin America, the Middle East and Africa.

KEY MARKET PLAYERS

Major Key Players in the Global Robot Software Market are ABB, AIBrain, Brain Corp, CloudMinds, Energid Technologies, Furhat Robotics, H2O.ai, IBM, Liquid Robotics, Neurala, and others

RECENT HAPPENINGS IN THE MARKET

• ABB launches ground-breaking robot alignment software, increasing electronics manufacturing speed and accuracy - Highspeed Alignment software uses vision technology to deliver a ground-breaking 70% increase in speed and 50% increase in accuracy.

• Brain Corp. Expands in Europe and Showcases 'Inventory Scan' Technology with Tennant Company, a First-of-its-kind Robotic Solution for Automated Analytics in Retail - Inventory Scan, a powerful new data capture accessory that will be fitted to Tennant's autonomous floor scrubbers to autonomously scan and report key detail on in-store inventory, has been demonstrated in Europe by Brain Corp and Tennant Company.

DETAILED SEGMENTATION OF THE GLOBAL ROBOT SOFTWARE MARKET INCLUDED IN THIS REPORT

This research report on the global robot software market has been segmented and sub-segmented based on software type, robot type, vertical, and region.

By Software Type

• Recognition Software
• Simulation Software
• Predictive Maintenance Software
• Data Management and Analysis Software
• Communication Management

By Robot Type

• Industrial robots
• Service robots

By Vertical

• Banking, Financial Services, and Insurance
• Retail and E-commerce
• Healthcare and Life Sciences
• Transportation and Logistics
• Manufacturing
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America 
• Middle East and Africa